Dead Island developer Techland has announced a new first-person co-op slasher called Hellraid for PlayStation 3, Xbox 360, and PC.

The game, formerly known as “Project Hell,” offers “two games in one,” according to Techland: “a single-player story-driven campaign of hack and slash action,” and a “unique, co-operative multiplayer that pits four players against the denizens of hell, and each other, in a battle for points, rewards, and fame.”

It will use an “advanced, immersive combat system” combining melee, ranged, and magical weapons, and has a “Game Master” system to “make each game a different experience, placing loot and enemies while generating random online challenges.”